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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="desertgem, post: 1126334, member: 15199"]A concept that has stayed in my mind is that after the 1980 crash of PM, there wasn't a great desire for people to buy back in, even slowly. PM accumulators could see such a drop and feel the disappointment of paper losses ( Gee mother, we could have cashed out for $30,000 rather than $10,000, but it was the manipulators fault we didn't sell then). I personally don't feel I have the time to store silver after a great drop in price and a recovery. Of course many of you were active in the 80s, and recall friends saying they had wished to buy silver before the run, and they would buy in on the drop~ well most didn't, they had experienced the risk and results and decided to go other routes. I think that coin collecting as a whole started a rapid decrease. It will be interesting in the future, after a big correction ( when it comes ) how the membership of coin clubs and forums react. Not trying to be a downer at all. I hope silver goes to $50,$100 or more. I will trade on the way up. My goal is to only have a small portion at risk when the downturn comes. PM have been very, very good to me.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1126334, member: 15199"]A concept that has stayed in my mind is that after the 1980 crash of PM, there wasn't a great desire for people to buy back in, even slowly. PM accumulators could see such a drop and feel the disappointment of paper losses ( Gee mother, we could have cashed out for $30,000 rather than $10,000, but it was the manipulators fault we didn't sell then). I personally don't feel I have the time to store silver after a great drop in price and a recovery. Of course many of you were active in the 80s, and recall friends saying they had wished to buy silver before the run, and they would buy in on the drop~ well most didn't, they had experienced the risk and results and decided to go other routes. I think that coin collecting as a whole started a rapid decrease. It will be interesting in the future, after a big correction ( when it comes ) how the membership of coin clubs and forums react. Not trying to be a downer at all. I hope silver goes to $50,$100 or more. I will trade on the way up. My goal is to only have a small portion at risk when the downturn comes. PM have been very, very good to me. Jim[/QUOTE]
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